@Ray Loveless You can't look at this as a state-wide issue...sure there is revised code...and yes, comparatively the ORC is pretty landlord friendly.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I purchased them several years prior to Covid at a very low price compared to today's market. 

Are comparables the best way to track this?

Also  beware that  paying a large loan fee  may affect the lenders  ability to do the loan.I got cashGeoffrey -  awesome ...having  cash makes  negotiating way easier ...fyi -  in the  future - if you need to get a loan in the  name of your LLC as compared to a loan in your own names - the terms on the financing will be higher . 

It's only 25 minutes to Lansing, so it may be a cheaper rental solution for people living in Lansing.Don't really know either market, so recommend you compare average rents to determine how likely it is someone would commute.

Just curious how that compares to last summer or even 6-8 months ago.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Your local S8 Housing Commission should have an info sheet on their website that shows their deductions if landlord chooses not to include electric, gas & water.Even more critical, your $680 mortgage amount, that you appear to be comparing to the S8 rent, should include ALL the other housing ownership costs: property taxes, insurance, vacancy/tenant nonperformance (S8 tenant may have to pay part of rent), maintenance & miscellaneous.Suggest you use the BP Calculator for this.

The bad news is twofold: first, that one or both of you may owe gift taxes and/or income taxes on the value of gift, and; second, nephew is still on the hook for the mortgage I reckon.